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Although intermittent declines in economic activity persist as a problem in our enterprise system, recent downturns have been moderate and of short duration. There is, however, little room for complacency. Currently our economy is operating at high levels, but unemployment rates are higher than any of us would like, and chronic pockets of high unemployment persist.

I had been vaguely conscious during this conversation of an intermittent noise like distant thunder. I now perceived that it came from Glossop's classroom, and was caused by the beating of hands on the door-panels. I remembered that the red-moustached man had locked Glossop and his young charges in. It seemed to me that he had done well. There would be plenty of confusion without their assistance.

Knowing from the researches of Professor E. Forbes, that molluscous animals chiefly abound within a depth of 100 fathoms and under, and bearing in mind how many thousand miles of both coasts of South America have been upraised within the recent period by a slow, long-continued, intermittent movement, -seeing the diversity in nature of the shores and the number of shells now living on them, seeing also that the sea off Patagonia and off many parts of Chile, was during the tertiary period highly favourable to the accumulation of sediment, the absence of extensive deposits including recent shells over these vast spaces of coast is highly remarkable.

Despite constant odium and intermittent persecution, the Jewish financiers who had settled in England after the Norman conquest steadily improved their position down to the reign of Henry III. The personal dependants of the crown, they were well able to afford to share their gains from usury with their protectors.

Intermittent communication took place between New Zealand and the new Colony of New South Wales, and at last, in 1814, Samuel Marsden, a clergyman of the Church of England, who had seen Maoris in New South Wales, landed in the Bay of Islands with other missionaries. This fearless and noble-minded man obtained the confidence of the Maoris, and a commencement of colonization was made.

They lived in the Nineties, between Broadway and Riverside Drive; a few blocks from the Winslow house in distance, but one generation away in the matter of decoration. The apartment-house itself was comparatively old-fashioned, with an intermittent elevator run by an intermittent negro youth who gave most of his time to the telephone switchboard and mysterious duties in the basement; also with a down-stairs hall that was narrow and carpeted and lined with offensively dark wood. But they could see the Hudson from their living-room on the sixth floor at the back of the house (the agent assured them that probably not till the end of time would there be anything but low, private houses between them and the river); they were not haunted by Aunt Emma Truegate Winslow; and Ruth, who had long been oppressed by late-Victorian bric-

But ever, as they ascended, the rushing sound which had seemed connected with it, although so distant, drew nearer and nearer, until, having surmounted three of the five lofty stories of the building, they could scarcely hear each other speak for the roar of water, falling in intermittent jets.

No more had been heard of him for a dozen or fifteen years, when he suddenly arrived at the paternal mansion at Ulm, half dead with intermittent fever, and with a young, broken-hearted, and nearly expiring wife, his spoil in his Italian campaigns.

The builders' labourers are rather better paid if their employment were not so intermittent with an average of from fourpence halfpenny to fivepence an hour. Carters, too, and vanmen employed by coal-merchants, builders, and other tradesmen in the town, are comparatively well off with constant work at eighteen or twenty shillings a week.

The sound was intermittent, now being very distinct and now ceasing altogether. The direction of the movement was toward that part of the room occupied by the bed. The listeners' strained sense of hearing was so acute that it was able to interpret the meaning of each varying sound.